§18-441-815. Quorum.
125 words·~1 min read·
/ok/title-18-corporations/18-441-815·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
QUORUM.
(a)Unless the articles of organization provide for a greater number, a majority of the total number of directors specified by the organic rules constitutes a quorum for a meeting of the directors.
(b)If a quorum of the board of directors is present at the beginning of a meeting, any action taken by the directors present is valid even if withdrawal of directors originally present results in the number of directors being fewer than the number required for a quorum.
(c)A director present at a meeting but objecting to notice under paragraph
(1)or
(2)of subsection
(b)of Section 79 of this act does not count toward a quorum. Added by Laws 2009, c. 68, § 80, eff. Jan. 1, 2010.